{
Kangwon Land Inc

Companies

}

ubs upgrades kangwon land stock on positive vip performance and growth

UBS has upgraded Kangwon Land Inc's stock rating from Sell to Neutral, raising the price target to KRW17,000 following a positive third quarter in 2024, which saw a 2% growth in drop and a 1.2% increase in gross gaming revenue. The company's VIP segment experienced a significant 30% year-over-year growth, although mass drop declined by 2%. UBS anticipates continued growth in casino drop for the fourth quarter of 2024 and 2025, supported by a VIP turnaround and an upcoming mass floor expansion.
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South Korean Won Kangwon Land Inc KOR
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09:56 30.10.2024
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